CVS Cigarette Ban Will Drive Away $2 Billion in Sales

CVS store in New York Photograph by Anthony Behar/Sipa via AP Photo

CVS Caremark earned a lot of praise and goodwill when it announced in February that it would stop selling cigarettes in its 7,700 stores—and it didn’t come cheap. After the company’s latest earnings report, we now have a real sense of the tobacco-free toll on the drugstore chain’s business: $2 billion in lost revenue over a full year.

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